• Mitsubishi Electric‘s operating income forecast for the financial year exceeds estimates as it predicts 400.00 billion yen against the estimated 356.02 billion yen.
• The company also foresees a net income of 315.00 billion yen, surpassing the estimated 284.65 billion yen.
• Mitsubishi Electric estimates its net sales to land at 5.30 trillion yen, higher than the expected 5.24 trillion yen.
• In the fourth quarter, they reported an operating income of 106.19 billion yen, showing a growth of 7.1% year-on-year, though slightly lower than estimated 109 billion yen.
• They also registered a considerable growth in net income (+33% year-on-year) at 98.85 billion yen, outperforming the estimate of 78.54 billion yen.
• Fourth quarter net sales increased by 2.6% year-on-year to 1.48 trillion yen, beating the estimated figure of 1.37 trillion yen.
• In the yearly segment results, the Infrastructure segment saw a rise of 14% year-on-year in operating profit to 31.44 billion yen against an estimated 28.12 billion yen.
• The Industry & Mobility segment reported an operating profit of 120.20 billion yen, a 25% growth year-on-year, though falling short of the estimated 124 billion yen.
• Operating profit in the Life segment experienced a significant growth (+44% year-on-year) at 145.67 billion yen, slight lower than the estimated 147.5 billion yen.
• The Business Platform segment however, faced a steep fall (-79% year-on-year) in operating profit, reporting only 8.33 billion yen.
• The company currently holds 10 buys, 6 holds, and 1 sell rating.
A look at Mitsubishi Electric Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Below is a brief analysis of Mitsubishi Electric Corporation based on the Smartkarma Smart Scores. Mitsubishi Electric, a company that develops and produces various electronic equipment, has received consistent scores across different factors. With moderate scores in Value, Dividend, Growth, and Resilience, the company showcases stability and fundamentals in these areas. Notably, the company excels in Momentum with a top score, indicating strong positive price trends and market performance. This suggests a positive sentiment and potential for growth in the near future.
Mitsubishi Electric Corporation, known for its diverse range of electronic products, appears to have a balanced outlook with strengths in momentum, showcasing favorable market performance. While the company demonstrates stability in key areas such as value, dividend, growth, and resilience, its high momentum score hints at an optimistic long-term outlook. Investors may find Mitsubishi Electric appealing due to its consistent performance across different aspects, making it a company to watch for potential growth opportunities in the electronic equipment sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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